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If He Lied About This, What Else Might He Have Lied About (Ken Lewis)?

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I bet a lot of you probably thought Hank Paulson, like Charlie Gasparino, was busy penning the definitive book on this crisis. So busy in fact, that he didn't have time address questions regarding being in bed with Goldman while Treasury Secretary. Well think again, fools, 'cause we were straight up lied to. Heidi Moore reports:

Daily Intel has confirmed that Paulson's memoirs are being written by Michael Carroll, an award-winning financial journalist who until recently was the editor of Institutional Investor.
Carroll is known as a talented wordsmith, a writer with a literary bent and a penchant for the more vivid portrayals of Wall Street's personalities when they had the kind of swagger and importance that's often missing from today's armies of besuited bankers filing into Wal-Mart megabanks. He is often skeptical and more than a little cutting in his metaphors; in December 2007, as the credit crisis was settling in, he compared Wall Street's refusal to bend to reality to the hubris of Norma Desmond, the fictional star of Sunset Boulevard. We attempted to contact him for this story, but like Paulson, Carroll doesn't use e-mail. Wouldn't matter, anyway: According to Paulson's office, Carroll is busy writing and unavailable to comment.

I know this looks bad, but so long as we don't find out he had someone else write the lyrics to his latest album, it's something we're prepared to forgive.


Goldman Sachs Accuser Greg Smith (Might Have) Lied About That Which He Holds Most Sacred

Earlier this week, a man named Greg Smith resigned from Goldman Sachs. Smith informed his bosses of his decision to quit around 6:40 AM local (London) time and, a few hours later, circled in the rest of the world with an Op-Ed in the New York Times, which he penned not out of a desire to violate his (former) employer in the most gruesome fashion possible in front of clients and other interested parties but because he believed it to be the right, nay the only thing to do. In the piece, Greg explain that his decision to leave the firm after 12 years of service did not come easily but that he had to do it, realizing one day during rehearsals for the recruiting video he starred in that the lines he was delivering re: Goldman being a great place to work were a lie. A bald-faced one, in fact. Goldman had changed in the years since the Greg-ster arrived, and whereas it once felt like home and the people in it family, he'd come to regard it as a den of evil, run by monsters. Monsters who called clients "muppets"; who only cared about making money; who valued "shortcuts" over "achievement." Of the latter, Greg spoke from plenty of experience. Though his personal achievements are too numerous to mention in full, they include being named a Rhodes scholar (finalist), learning to tie his shoes at the age of 22, winning third place for ping pong at the Maccabiah Games, and being named captain of the South American national table tennis team. OR WAS HE?